There is a fundamental disconnect between perceptions of Russia’s current threat to Europe, and what Moscow is actually capable of doing. That gap is leading to some rather bizarre choices about military spending. Today, we look into why Russia’s conventional threat to Europe is years into the future, but the unconventional threats today are real. We also try to figure out what the heck Spain is thinking with its defense expenditures.0:00 NATO Spending and the Russian Threat0:32 The Conventional Threat2:43 The Unconventional Threat4:26 Spain’s Strange Spending Strategy6:53 NATO’s Reaction to a Hypothetical Attack11:33 Will Spain Meet the Target Anyway?13:37 The 2025 Lines on Pants ChampionshipThe appearance of U.S. Department of Defense (DoD), EU, and NATO visual information does not imply or constitute an endorsement.